The Philippines, with its rich culture and natural resources, is a great country to invest and put up your business in. The large workforce population is skilled and proficient in English.

Overview

The Philippines has a land area of approximately 300,000 square kilometers (115,000 square miles). Its topography is varied, and includes vast arable lands, mountainous regions, a coastline extending to more than 18,000 kilometers and around 60 natural harbors.

The country’s climate is tropical, with average temperature varying from 75°F to 87°F (24°C to 31°C). The northern half of the country has a pleasant, cool weather from November to February; a hot, dry season from March through May or June; and rainy weather from July to October when storms visit the area. The southern half of the country has a less changeable climate and is seldom affected by tropical storms. Humidity is high, ranging from 71 per cent in March to 85 per cent in September. Average rainfall is 305 centimeters (120 inches).

Economy

The Philippine economy is market-oriented, although pricing mechanisms remain regulated in a few sectors to protect consumers. During the past decade, the Philippines has undergone significant structural reforms. Domestically, the competitiveness of the market has been enhanced through the dismantling of protection for “infant industries” and the breakdown of industries with monopolistic or cartel tendencies. Internationally, the economy has been opened up to global competition through a tariff reduction program, loosening the restrictions on inward foreign investment. The result is a diverse economy, featuring a sound mix between the agricultural, industrial, and service industries. Together with a strong BPO sector, booming construction, increased consumer and government spending, and external trade, this contributed to the highest quarterly growth since 2010.

Growth of GDP

Growth of GNP

Agriculture, hunting, fishery, and forestry

Industry

Services

Net Factor Income from Abroad (NFIA)

All figures are at percent per constant 2000 prices

Standards of Living

Based on the 2012 survey of family income and expenditures by the National Statistics Office, an average annual Filipino family earns around PHP235,000 annually and spends around PHP193,000. The poverty threshold was also estimated at PHP18,935, with 19.7 per cent of families having income below this threshold.

Source: PwC and adb.org

FBP International

We are an international service provider in the global market based out of the United Arab Emirates. We assist foreign companies for a successful market entry, management consultancy, market research, marketing & advertising strategies, promotions, organizational management, legal consultancy and organizational diagnosis.